However, Verizon’s average revenue per account (ARPA) declined to $152.38 from $153.73.

As its ARPA comes under pressure, Verizon is entering new markets such as mobile video and “Internet of Things” - the concept of connecting everything from industrial machines to household devices to the Internet - to boost its earnings.

Revenue from its Internet of Things and related offerings rose to about $175 million from $165 million in the prior quarter.

Revenue from FiOS high-speed Internet, TV and phone service rose 7.5 percent from a year earlier to $3.4 billion.

The net income attributable to Verizon rose 9.3 percent to $4.04 billion, or 99 cents per share, in the quarter ended Sept. 30.

Excluding items, the company earned $1.04 per share, slightly higher than the average analyst estimate of $1.02, according to Thomson Reuters I/B/E/S.